Schiff Pitchfork: Difference between revisions
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Abeloglazova (talk | contribs) (Created page with "'''Schiff Pitchfork''' is a technical analysis tool derived from Andrews' Pitchfork. As Andrews' Pitchfork it is composed of 3 trendlines (centerline/handle and 2 tines ab...") |
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'''Schiff Pitchfork''' is a technical analysis tool derived from [[Andrews' Pitchfork]]. As Andrews' Pitchfork it is composed of 3 trendlines (centerline/handle and 2 tines above and below it). The difference from the standard pitchfork is in the origin’s location: 1/2 the vertical | '''Schiff Pitchfork''' is a technical analysis tool derived from [[Andrews' Pitchfork]]. As Andrews' Pitchfork it is composed of 3 trendlines (centerline/handle and 2 tines above and below it). The difference from the standard pitchfork is in the origin’s location: 1/2 the vertical distance between the high and low points (first two points set). | ||
By default Schiff Pitchfork in MultiCharts is created with 2 additional tines. That is possible to add up to 12 sets of tines at the user defined distance from the centerline. | By default Schiff Pitchfork in MultiCharts is created with 2 additional tines. That is possible to add up to 12 sets of tines at the user defined distance from the centerline. |